CRT Properties, Inc. Announces Buyout of Remaining Equity Interest in Broward Financial Centre
09 Junio 2005 - 1:51PM
Business Wire
CRT Properties, Inc. (NYSE:CRO) announced today the acquisition of
the remaining 70% equity interest in Broward Financial Centre. In
January, 2004, CRT Properties, Inc. acquired all of the partnership
interests in Broward Financial Centre in downtown Fort Lauderdale,
Florida in a joint venture with Investcorp, a global investment
group. About CRT Properties, Inc. CRT Properties, Inc. owns 137
office buildings, containing approximately 11.7 million rentable
square feet, located in more than twenty five suburban office
projects in twelve metropolitan areas in the Southeastern United
States, Texas and Maryland. For more information about CRT
Properties, Inc., contact its website at
http://www.crtproperties.com or Investor Relations, 225 NE Mizner
Boulevard, Suite 200, Boca Raton, Florida 33432-3945. Private
Securities Litigation Reform Act of 1995. The Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" for certain
forward-looking statements. The forward-looking statements
contained in this release, including those that refer to
management's plans and expectations for future operations,
prospects and financial condition, are subject to certain risks and
uncertainties. Actual results could differ materially from current
expectations. The words "believe," "expect," "anticipate,"
"intend," "estimate" and other expressions which are predictions of
or indicate future events and trends and which do not relate to
historical matters identify forward-looking statements. Reliance
should not be placed on these statements because, by their nature,
they are subject to known and unknown risks and can be affected by
factors that are beyond the control of CRT Properties, Inc. Among
the factors that could affect the Company's actual results are
changes in general economic conditions, including changes in the
economic conditions affecting industries in which its principal
tenants compete; its ability to timely lease or re-lease space at
current or anticipated rents to creditworthy tenants; changes in
interest rates; future demand for its debt and equity securities;
and its ability to complete current and future development projects
on schedule and on budget. A more detailed discussion of these and
other factors is set forth in the "Risk Factors" section of the
Company's SEC reports and filings, including its Annual Report on
Form 10-K for the year ended December 31, 2004. For forward-looking
statements contained or incorporated by reference herein, the
Company claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. The Company assumes no obligation to
update or supplement forward-looking statements that become untrue
because of subsequent events.
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